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Central bank swaps offer dollar crisis lifeline to non-U.S. banks

Philippe Bacchetta, Jonathan Davis and Eric Van Wincoop

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Starting in late 2007, the Federal Reserve, in partnership with a few major foreign central banks, began offering central bank dollar liquidity swap lines as an important liquidity backstop.

Keywords: central banks; dollar; swap lines (search for similar items in EconPapers)
Date: 2025-09-30
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